Risk Management

Using preliminary data, the Occupational Safety and Health Administration (OSHA) recently revealed its top 10 most frequently cited standards in the 2020 fiscal year. This information is valuable for businesses of all kinds, as it helps them identify common exposures that affect their workforce and gives them the information they need to plan their compliance …

OSHA Reveals the Top 10 Most Cited Standards for the 2020 Fiscal Year Read More »

While workers’ compensation requirements can differ between states, many policies include a routine premium audit process. Different from most other lines of commercial insurance (e.g., property coverage)—in which potential exposures can be identified upfront and premium expenses are final—workers’ compensation premiums paid at the beginning of policy periods are provisional amounts. In other words, these …

Work Comp Insights – Premium Audits Read More »

OSHA must adjust its civil penalty amounts for inflation each year. As such, the Department of Labor recently released its 2021 inflation-adjusted civil monetary penalties that may be assessed on employers for violations of a wide range of federal laws, including the Occupational Safety and Health Act. OSHA’s increased amounts apply to any civil monetary …

2021 OSHA Penalty Amounts Read More »

The coronavirus (COVID-19) pandemic defined 2020 and brought the importance of the supply chain to light as a result of the many closures and shortages. Businesses are planning for an unpredictable 2021 as well and are looking to strengthen their supply chains to preemptively avoid further disruption. Until recently, supply chains were largely a quiet …

Supply Chain Optimization Read More »

Snow days were a highlight of winter when many of us were children, but now winter weather presents a host of difficulties for employers. There are safety concerns, OSHA regulations to comply with, potential liability risks, attendance confusion and pay-related issues to address. It’s important to be prepared for all scenarios associated with inclement weather …

Employer Responsibilities in Winter Weather Read More »

The Federal Emergency Management Agency (FEMA) has released an online mapping application, the National Risk Index (NRI), that identifies communities most at risk for 18 types of natural disasters, including earthquakes, hurricanes, tornadoes, floods, volcanoes and tsunamis. Based on the calculations of 80 experts over six years, the NRI provides a holistic view of community-level …

FEMA Provides Insight Into Natural Disasters Read More »

Insurance carriers play an active role in risk management, often assigning risk managers to inspect organizations’ facilities and work areas. If any issues are found during these inspections, the insurance carrier may provide recommendations that the organization must follow in order to maintain coverage and avoid higher insurance premiums. If your organization has an upcoming …

Insurance Carrier Recommendations Read More »

As temperatures begin to drop, walkways can quickly become hazardous due to snow and ice. Winter slips and falls at businesses are common sources of injuries for visitors and employees alike. As an employer, it’s crucial to maintain the safety of your property and keep your employees and visitors safe. Whether you take care of …

Preventing Slips, Trips and Falls in Winter Read More »